Now in semi-retirement, Micheal Albert Hernandez III has overseen operations at D&M Leasing in Dallas, Texas, since he purchased a stake in the company in 1990. Beyond his work, Mike Hernandez III is involved in local philanthropy, with a focus on his home city of Brownsville.
In 2013, the Houston Chronicle reported that Brownsville was the poorest city in the United States. According to data from the U.S. Census Bureau, 36 percent of the city’s residents lived below the national poverty line, which is more than double the 17 percent average for the State of Texas. Further, the data discovered that over a third of residents had not earned their high school diplomas, whereas almost a quarter only have that diploma and no other educational certification.
In response to this news, Mike Hernandez III formed OP10.33 with the aim of opening up educational opportunities and transforming the Cameron Country area into a more prosperous region. The organization funds projects throughout the area that further this aim, with the goal of achieving a full transformation by 2033.